Stanley Black & Decker Revises FY24 Adjusted EPS Forecast From $3.50 - $4.50 To $3.70 - $4.50 (Est $3.98)
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker has revised its FY24 adjusted EPS forecast from $3.50 - $4.50 to $3.70 - $4.50, with GAAP EPS now expected to be in the range of $0.90 to $2.00 due to Q2 environmental reserve adjustments. The company anticipates mixed demand trends but remains focused on supply chain improvements to enhance margins and cash flow.
July 30, 2024 | 10:08 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Stanley Black & Decker has updated its FY24 adjusted EPS forecast to $3.70 - $4.50 and GAAP EPS to $0.90 - $2.00 due to Q2 environmental reserve adjustments. The company expects mixed demand trends but is focusing on supply chain improvements to enhance margins and cash flow.
The revision of the EPS forecast is a mixed signal. While the adjusted EPS forecast has a slight upward revision at the lower end, the GAAP EPS forecast has been significantly lowered. This indicates potential challenges but also a focus on operational improvements. The market reaction may be neutral as investors weigh these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100